Famous Crypto Analyst Predicts Decline for SOL and Memecoin WIF

Bluntz, a crypto analyst with a large number of followers on social media, expressed a significant decline for the memecoin dogwifhat (WIF) developed on the Solana Blockchain and the main network asset of Solana, SOL. Based on the Elliott Wave theory, Bluntz forecasted a decline in the short term for WIF and an ABC correction wave. Harsh Decline Predictions for WIF Bluntz emphasized the end of a five-wave rally in technical analysis and expects a decline of around 69% for WIF. As an indication of the accuracy of the analysis, he stated that WIF drew a decline scenario in line with the 0.786 Fibonacci retracement level. Predictions for the Future of SOL Bluntz also expects a similar decline for SOL, forecasting a potential 7% decline and pointing out that Solana could fall back to $160. The current price of Solana is around $176, and a correction is possible according to […]

Famous Crypto Analyst Predicts Decline for SOL and Memecoin WIF

Bluntz, a crypto analyst with a large number of followers on social media, expressed a significant decline for the memecoin dogwifhat (WIF) developed on the Solana Blockchain and the main network asset of Solana, SOL. Based on the Elliott Wave theory, Bluntz forecasted a decline in the short term for WIF and an ABC correction wave.

Harsh Decline Predictions for WIF

Bluntz emphasized the end of a five-wave rally in technical analysis and expects a decline of around 69% for WIF. As an indication of the accuracy of the analysis, he stated that WIF drew a decline scenario in line with the 0.786 Fibonacci retracement level.

Predictions for the Future of SOL

Bluntz also expects a similar decline for SOL, forecasting a potential 7% decline and pointing out that Solana could fall back to $160. The current price of Solana is around $176, and a correction is possible according to the analyst’s predictions.

Useful Information for the Reader

Bluntz expects a 69% decline for the memecoin WIF according to the Elliott Wave theory.
WIF could fall to $1, below its current price.
A 7% decline is also predicted for SOL, the main network asset of Solana.
It is probable that SOL could fall to $160 before the next rise.

Bluntz’s analysis carries an important warning for investors and offers predictions about potential movements in the market. The expectation of a decline for both WIF and SOL could be a reason for investors to review their positions.

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